Existing fishing rights extended
Existing fishing rights extended

Existing fishing rights extended

Ellanie Smit
Existing fishing rights holders have been granted permission by cabinet to net a third of the total allowable catch (TAC) for various species until the end of 2019/20 financial year.

Information minister Stanley Simataa said on Monday this would be allowed in an attempt to maintain employment and stability in the fishing industry. Simataa said cabinet further directed the fisheries ministry to complete the process of evaluating the applications for new fishing rights.

The allocation of the new fishing rights would take place after an endorsement by cabinet, he said.





The fisheries ministry was also directed to work out mechanisms to address the plight of employees who lost jobs in the fishing industry because of the reduction in quotas. Most of the 4 500 fishermen who went on strike four years ago lost their jobs as a direct result of the withholding and manipulation of fishing quotas by those implicated in the Fishrot scandal.

Many players in the Namibian fishing industry, including Namsov, which was once one of the leading employers in the sector, dubiously lost thousands of tonnes in quotas, leading to companies scaling down their operations and consequently retrenching workers.

The job losses were largely caused by former fisheries minister Bernhard Esau's reallocation of fishing quotas to those linked to the unfolding Fishrot bribery scandal.

It is alleged that Iceland seafood company Samherji paid over N$150 million in bribes to secure access to horse mackerel quotas in Namibia. Others in custody with Esau are former justice minister Sacky Shanghala, former Fishcor board chairperson James Hatuikulipi, his former colleague at Investec Namibia Ricardo Gustavo, Esau's son-in-law Tamson 'Fitty' Hatuikulipi and Pius 'Taxa' Mwatelulo.



ELLANIE SMIT

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Namibian Sun 2024-05-02

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LaLiga: Barcelona 4 vs 2 Valencia SerieA: Genoa 3 vs 0 Cagliari European Championships Qualifying: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City English Championship: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City Katima Mulilo: 12° | 33° Rundu: 12° | 31° Eenhana: 14° | 33° Oshakati: 16° | 32° Ruacana: 15° | 32° Tsumeb: 15° | 31° Otjiwarongo: 14° | 29° Omaruru: 15° | 32° Windhoek: 13° | 27° Gobabis: 15° | 28° Henties Bay: 16° | 21° Wind speed: 40km/h, Wind direction: E, Low tide: 04:26, High tide: 10:41, Low Tide: 16:45, High tide: 23:19 Swakopmund: 16° | 18° Wind speed: 30km/h, Wind direction: S, Low tide: 04:24, High tide: 10:39, Low Tide: 16:43, High tide: 23:17 Walvis Bay: 17° | 25° Wind speed: 30km/h, Wind direction: S, Low tide: 04:24, High tide: 10:38, Low Tide: 16:43, High tide: 23:16 Rehoboth: 15° | 29° Mariental: 18° | 31° Keetmanshoop: 20° | 32° Aranos: 18° | 30° Lüderitz: 14° | 25° Ariamsvlei: 20° | 34° Oranjemund: 14° | 22° Luanda: 25° | 28° Gaborone: 16° | 29° Lubumbashi: 11° | 26° Mbabane: 14° | 25° Maseru: 10° | 26° Antananarivo: 15° | 25° Lilongwe: 14° | 28° Maputo: 18° | 28° Windhoek: 13° | 27° Cape Town: 16° | 24° Durban: 18° | 26° Johannesburg: 17° | 26° Dar es Salaam: 26° | 30° Lusaka: 15° | 27° Harare: 13° | 27° Currency: GBP to NAD 23.2 | EUR to NAD 19.89 | CNY to NAD 2.59 | USD to NAD 18.57 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.58 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.9 | USD to KES 134.48 | USD to NGN 1389.52 | USD to ZAR 18.56 | USD to ZMW 26.87 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76076.19 Down -0.5% | Namibian Stock Exchange (NSX) Overall Index 1690.93 Down -0.96% | Casablanca Stock Exchange (CSE) MASI 13319.36 Down -0.41% | Egyptian Exchange (EGX) 30 Index 24448.73 Down -6.01% | Botswana Stock Exchange (BSE) DCI 9146.09 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - 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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 301.41/OZ UP +0.44% | Copper US$ 4.45/lb DOWN -0.013 | Zinc US$ 2 914.40/T UP 0.09% | Brent Crude Oil US$ 84.44/BBP DOWN -0.026 | Platinum US$ 953.21/OZ UP +1.97%